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Monday, March 31, 2014

The Austrian school of economics
has experienced a renaissance in recent decades. Its adherents have put
their distinctive paradigm to work in nearly every field of economics.
This post is the first of two that will examine the Austrian approach to
environmental economics, with special emphasis on the problem of air
pollution.

Pollution as a Coordination Problem

A
distinctive feature of the Austrian approach is approach is the idea
that environmental issues are problems of coordination. As Roy Cordato
puts it, they are “not about harming the environment, but about human
conflict over the use of physical resources.” The Austrian paradigm
differs in that regard from that of the neoclassical school, which looks
at environmental problems in terms of efficiency and maximization of
social welfare, and from that of ecological economics, which frames the
issues as conflicts between humans and nature.>>>Read more

Austrian Environmental Economics: Air Pollution as a Coordination Problem

The Austrian school of economics
has experienced a renaissance in recent decades. Its adherents have put
their distinctive paradigm to work in nearly every field of economics.
This post is the first of two that will examine the Austrian approach to
environmental economics, with special emphasis on the problem of air
pollution.Pollution as a Coordination Problem
A distinctive feature of the Austrian approach is approach is the
idea that environmental issues are problems of coordination. As Roy Cordato
puts it, they are “not about harming the environment, but about human
conflict over the use of physical resources.” The Austrian paradigm
differs in that regard from that of the neoclassical school, which looks
at environmental problems in terms of efficiency and maximization of
social welfare, and from that of ecological economics, which frames the
issues as conflicts between humans and nature.
- See more at: http://www.economonitor.com/dolanecon/?p=2730&preview=true#sthash.IDnLLSun.dpuf

Austrian Environmental Economics: Air Pollution as a Coordination Problem

The Austrian school of economics
has experienced a renaissance in recent decades. Its adherents have put
their distinctive paradigm to work in nearly every field of economics.
This post is the first of two that will examine the Austrian approach to
environmental economics, with special emphasis on the problem of air
pollution.Pollution as a Coordination Problem
A distinctive feature of the Austrian approach is approach is the
idea that environmental issues are problems of coordination. As Roy Cordato
puts it, they are “not about harming the environment, but about human
conflict over the use of physical resources.” The Austrian paradigm
differs in that regard from that of the neoclassical school, which looks
at environmental problems in terms of efficiency and maximization of
social welfare, and from that of ecological economics, which frames the
issues as conflicts between humans and nature.
- See more at: http://www.economonitor.com/dolanecon/?p=2730&preview=true#sthash.IDnLLSun.dpuf

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